Directors’ liability insurance
Since 2013, the liability of Moscow Exchange’s directors and offcers (including independent directors), as members of the Company’s management bodies, has been insured. The purpose of this insurance is to provide compensation for potential damages caused by unintended negligent actions (or by their inaction) on the part of the insured individuals in the performance of their administrative activities. Under the insurance contract concluded in 2019, the insurance premium is USD 140,000, and the insured amount is USD 50 mln (the total additional insured amount is USD 5 mln for independent directors). The insurer is Ingosstrakh. The terms and conditions of the insurance contract, including the insurance coverage, are consistent with the best global insurance practices.